Texas Natural Resources Code 51.124 – Award of Lease
Current as of: 2024 | Check for updates
|
Other versions
(a) A lease shall be awarded to the highest responsible bidder.
(b) The lease shall be awarded under the rules and in the quantities the commissioner considers to be in the best interest of the state and not inconsistent with the equities of the occupant.
Terms Used In Texas Natural Resources Code 51.124
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC